Global Polypropylene Market is Expected to Reach USD 124.01 Billion in 2019:
Transparency Market Research
PR Newswire
ALBANY, New York, February 26, 2014
ALBANY, New York, February 26, 2014 /PRNewswire/ --
According to a new market report published by Transparency Market Research "
Polypropylene Market For Packaging, Automotive, Consumer Products, Electrical
& Electronics, Construction and Other End-User Industries - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 " , the
global polypropylene market was valued at USD 77.46 billion in 2012 and is
expected to reach USD 124.01 billion by 2019, growing at a CAGR of 6.3% from
2013 to 2019.
Browse Global Polypropylene Market Report with Full TOC at
http://www.transparencymarketresearch.com/polypropylene-market.html
Growing demand from end-use industries such as packaging, automotive and
consumer products is expected to drive the polypropylene market. In addition,
factors such as changing lifestyles and increasing disposable incomes in Asia
Pacific are further driving the market for various end-use industries.
However, growing environmental issues and volatile raw material prices are
expected to inhibit the market growth. Increasing demand for bio-based
polypropylene has shifted the focus of polypropylene manufacturers from
synthetic to bio-based polypropylene.
Packaging emerged as the largest and fastest growing end-use segment and
accounted for over 50% of the total market in 2012. Changing consumer food
habits and high competition in consumer products sector in emerging economies
is expected to escalate market growth. Automotive was the second largest
end-use industry in terms of volume and is expected to grow at a CAGR of 5.7%
from 2013 to 2019. The demand of polypropylene in consumer products was 7.1
million tons in 2012.
China dominated the polypropylene market that was valued at USD 23.73 billion
in 2012. It is expected to be the fastest growing market due to high demand of
polypropylene from end-use industries. The consumption of polypropylene is
phenomenal in automotive industries of Europe. The European market in terms of
revenue is expected to grow at a CAGR of 5.9% from 2013 to 2019. The demand
for polypropylene in Rest of Asia Pacific was 7.01 million tons in 2012.
Product innovation and capacity addition is expected to drive the market
growth.
The global polypropylene market is highly fragmented as top five players
accounted for nearly 35% of the market in 2012. Some of the major players
which dominated the market include Braskem, LyondellBasell, INEOS, Sinopec,
SABIC, PetroChina, Reliance Industries Limited and Borealis among others.
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This report segments the global polypropylene market as follows:
*Polypropylene Market: End-User Industries Analysis
*Packaging
*Automotive
*Consumer products
*Electrical & electronics
*Construction
*Others (Agriculture, medical, furniture, etc)
*Polypropylene Market: Regional Analysis
*North America
*Europe
*China
*Rest of Asia Pacific
*Rest of the World
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